Parallax Volatility Advisers L.P. Buys New Position in Herbalife Ltd $HLF

Key Points

• Parallax Volatility Advisers L.P. acquired 91,520 shares of Herbalife Ltd, valued at approximately $790,000, representing 0.09% ownership in the company.
• Herbalife received a range of analyst ratings, with a target price increase from Mizuho to $9.00 and a consensus price target of $11.50, reflecting a generally favorable outlook.
• Despite reporting a 1.7% decline in revenue year-over-year, Herbalife beat earnings estimates with $0.59 EPS compared to the consensus estimate of $0.53.

Parallax Volatility Advisers L.P. purchased a new stake in Herbalife Ltd (NYSE:HLF - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 91,520 shares of the company's stock, valued at approximately $790,000. Parallax Volatility Advisers L.P. owned approximately 0.09% of Herbalife at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its position in shares of Herbalife by 4,406.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 4,912 shares of the company's stock valued at $42,000 after purchasing an additional 4,803 shares during the period. CWM LLC lifted its holdings in shares of Herbalife by 199.7% during the first quarter. CWM LLC now owns 7,969 shares of the company's stock worth $69,000 after buying an additional 5,310 shares in the last quarter. MQS Management LLC bought a new stake in Herbalife during the first quarter worth about $105,000. Cerity Partners LLC acquired a new position in shares of Herbalife in the first quarter valued at approximately $108,000. Finally, Ieq Capital LLC bought a new position in shares of Herbalife during the 1st quarter worth approximately $108,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Herbalife from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 10th. Mizuho increased their price target on Herbalife from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.50.

Herbalife Trading Down 2.1%

HLF traded down $0.20 during trading on Wednesday, hitting $9.28. The stock had a trading volume of 2,176,556 shares, compared to its average volume of 1,625,792. The firm has a market cap of $957.07 million, a PE ratio of 2.93, a P/E/G ratio of 0.29 and a beta of 0.89. The company has a 50 day simple moving average of $9.55 and a 200-day simple moving average of $8.35. Herbalife Ltd has a 12 month low of $5.04 and a 12 month high of $10.83.

Herbalife (NYSE:HLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.06. Herbalife had a net margin of 6.59% and a negative return on equity of 27.36%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Herbalife's revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Herbalife Ltd will post 1.57 earnings per share for the current fiscal year.

Herbalife Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.